The Latest

Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A

Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.

Howard: Power Generation Growth Dependent on NatGas Demand

Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.

Swift Solar, with Backing from Italy’s Eni, Raises Tech Financing

Swift Solar, with backing from Italy’s Eni and others, has raised a total of $44 million for work transforming the solar energy landscape with perovskite tandem solar projects.

Oceaneering Secures Contract with Petrobras for Offshore Brazil

Oceaneering International Inc. will supply steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware to projects offshore Brazil.

Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy

Regional banks are picking up market share and rallying the U.S. upstream sector.

Aker to Provide EPC Services for Azule Energy’s Angola Projects

Aker Solutions secured a long term frame agreement worth between $47 million and $142 million with Azule Energy to provide EPC services for brownfield projects and modifications for two FPSOs in Angola.

Family Offices: Familiar and New Names Coming to Oil, Gas Table

Haynes and Boone semi-annual surveys of oil and gas lenders and producers reveal measured optimism capital formation—and a broader audience of family offices than seen in prior decades is tuning in.

Exxon Mobil Taps Technip, Turner for Louisiana CCUS Project

Exxon Mobil has contracted Technip Energies and Turner Industries to help build a CCUS system capable of conditioning, compressing and transporting, for eventual storage, up to 800,000 metric tons per year of CO2.

Hydrogen Left Hanging as DOE Prolongs Contract Negotiations

Regulatory and energy experts discuss hydrogen hubs as the award negotiation process continues.

CorEnergy Infrastructure Aims for June Emergence from Bankruptcy

CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.